SAN JOSE, Calif., May 22, 2018 — Super Micro Computer, Inc. (NASDAQ:SMCI) (the “Company”), a global leader in high-performance, high-efficiency server, storage technology and green computing, has announced that, as expected, it has received a letter from the Listing Qualifications Department of The Nasdaq Stock Market notifying the Company of its delinquency related to the Company’s noncompliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”) because the Company has not yet filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2018.
On May 18, 2018, the Company submitted a response to the Nasdaq Hearings Panel (the “Panel”) stating that, consistent with the Company’s presentation at the recent hearing before the Panel and as of the date of the reply, the Company believes it remains on track to file the delinquent filings with the SEC and thereby evidence compliance with the Rule on or before the Panel deadline of August 24, 2018.
As the Company previously announced, the Panel has granted the Company’s request to continue its listing on Nasdaq through August 24, 2018, subject to the condition that the Company becomes current with its SEC filings by that date and informs the Panel the Company is current with such filings. The Company is diligently working to become current with its SEC filings and intends to continue to take all steps necessary to regain compliance with the Rule.
About Super Micro Computer, Inc.
Supermicro, a global leader in high-performance, high-efficiency server technology and innovation is a premier provider of end-to-end green computing solutions for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and Embedded Systems worldwide. Supermicro’s advanced Server Building Block Solutions® offer a vast array of components for building energy-efficient, application-optimized, computing solutions. Architecture innovations include Twin, TwinPro, FatTwin, Ultra Series, MicroCloud, MicroBlade, SuperBlade, Double-sided Storage, Battery Backup Power (BBP®)modules and WIO/UIO. Products include servers, blades, GPU systems, workstations, motherboards, chassis, power supplies, storage, networking, server management software and SuperRack cabinets and accessories delivering unrivaled performance and value.
Source: Super Micro Computer, Inc.